Puerto Rico is in the middle of a debt crisis that is destroying its economy, and this crisis didn’t just appear from nowhere. Huge investment banks and hedge fund vultures saw a big opportunity to profit from abusive lending to Puerto Rico, and pushed its government institutions to take on more debt that they would never be able to repay. Now, they want Puerto Rico’s people to foot the bill and guarantee their profits. It’s predatory lending at its worst, and on an international scale.

A banker named Antonio Weiss helped manufacture this crisis when he worked at investment bank Lazard Frères, and he was rewarded with a $21.2 million golden parachute. Now he’s at the US Treasury Department, and he’s been put in charge of leading the Treasury’s response to the crisis – despite the fact that his former employer has a huge financial interest in what happens.

TAKE ACTION: Puerto Rico deserves solutions that prioritize the wellbeing of its citizens and its economy, not the profits of elite investment banks.